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What Is Deferred Revenue: Accounting Principles and Tax Treatment

inDinero Accounting

Terms like “deferred revenue” can confuse non-accountants, but the concept is easy enough. Deferred revenue refers to when customers pay upfront for products or services they will receive later while your accountant recognizes that income over time rather than all at once. With cash accounting, revenues can appear volatile.

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The Nonprofit Statement of Financial Position: What You Need to Know

inDinero Accounting

If your nonprofit needs assistance putting together a financial statement or simply managing funds, indinero’s accounting services team is here to help. Our experts have extensive experience in the non-profit sector and are a more affordable option than a full-time employee or team. Did your analysis reveal anything similar?

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GAAP: What It Is and Why Your Investors Expect It

inDinero Accounting

Accrual Accounting is a vital component of Generally Accepted Accounting Principles (GAAP). Understanding the principles of GAAP accrual accounting can be challenging and daunting; however, with the right guidance, it can be achieved. cash accounting—if you want to be GAAP-compliant.

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How to Keep Track of Business Expenses: Setting Up a System to Save Time at Tax Season

inDinero Tax Tips

We cover the specific interpretations and deduction limits in full in our ultimate guide to business expenses and tax deductions , an article on small business tax deductions , and finally, our primer on non-deductible expenses. It helps you answer the all-important question: Are you profitable on a month-to-month basis, and if not, when?

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Padgett & Padgett, PLLC CPA’s Guide to the Profit and Loss Statement

SkagitCountyTaxServices

As a small business owner, you’re often preoccupied with all the things that go into running your Skagit County business – the daily logistics, managing employee workflow, paying the bills, bringing in more customers… making a profit. Profits are the lifeblood. Take away your overhead and you have your net profit. What’s on one?

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The Playbook for SaaS to Convert from Cash to Accrual

inDinero Accounting

Seeing the cash-in and cash-out every month is reassuring, but you’re making the change in accounting method because your company’s growth depends on it. You are familiar with the pros and cons of cash versus accrual accounting. How do you switch a Software as a Service (SaaS) from cash to accrual? Glad you asked!

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How to Calculate Cash Flow: A Comprehensive Guide

Basis 365

In the bustling world of business, financial statement profits may grab the headlines, but it's cash flow that keeps the lights on. Accrual accounting is important for many reasons when analyzing the performance of your business but your income statement profit is not the same as your cash flow.